The Best Buy to Let Areas in Surrey

Surrey is well known as one of the most expensive and upmarket areas in the United Kingdom. Thus, it does not always lend itself to buy to let investors looking for lower-cost properties. However, Surrey does have some great areas where you can still find bargain properties with fantastic yields. We discuss our top three in the article below.

Guildford

Known for being a historic town with a modern cathedral, the town has always had a forward-thinking approach. Much of it was built in the sixties, and it has developed its own industrial areas. Major companies such as BAE Systems have branches here. However, it is still only 33 miles outside London. You can be in the south of the city in as little as 35 minutes.

When this is combined with the need for student accommodation due to the University of Surrey, you have a perfect rental market. From small apartments to family homes, you are seldom going to have property unoccupied. The average house price here is around £480,020, and you can expect a monthly rent of £1,801 PCM.

If you live in Guildford and no longer need to commute to London, now may also be a good time to consider selling. Prices are rising quickly, though it may not stay that way if the government manages to cool the housing market with new builds. Online house-selling sites such as Sold can sell your home without the fuss of a traditional high-street estate agent. They can make cash offers or sell to the public for you, saving you a lot of effort that the standard house-selling process involves.

Walton-on-Thames 

To outsiders, Walton-on-Thames may seem like the typical picturesque town with its thatched roof cottages and riverside location. While it does have this, it is also an industrial and commercial centre. Its location makes it great for anyone doing business not just in London but elsewhere in the south-east of the country. You can be at Waterloo Station in 25 minutes. 

It is awash with mansions and million-pound properties, but it also has some very reasonable ones. The average rent is £1,530 PCM, so anything under £400,000, and they are available, is bringing in a great rental amount. It also has several other areas worth looking at close by, including Cobham and Weybridge itself. 

Woking 

Woking has undergone a renaissance as of late. It has had a lot of money spent on its town centre, along with revisions to public spaces with art installations. All of this is enhanced by its location, which benefits from rolling Surrey hills to each side. 

It is right on the M25 and A3, so it is easy to use as a commuter town. London is only 25 minutes away by rail. The average rent is currently just under £1400, and a property can be purchased for an average price of just under £430,000. 

There are many other areas in Surrey that are great places to buy to let. Do not let its high-end reputation put you off. Affordable properties with great rental incomes are still out there. It may take some research, but set a budget, find an area, and you will soon get the perfect place.